KYC in Crypto Gambling: A Cause for Concern?

June 1, 2023

Navigating the realm of crypto gambling can be complex, especially concerning the KYC process. Traditional online casinos undoubtedly have KYC as and when required. But the question often arises – is it a necessity for crypto casinos like Winning?

The answer is not always straightforward. The rise of cryptocurrencies brought about the need for robust measures to prevent financial crime, including money laundering. In response, crypto wallets and exchange platforms have adopted KYC solutions, pressured by regulators to ensure the crypto world remains clean.

Similarly, online gaming companies show a keen interest in conducting identity verification while aiming to provide a seamless experience for players. The goal is to balance anti-money laundering (AML) requirements with the need for smooth and enjoyable gaming experiences.

In this article, we’ll delve into the specifics of what KYC means, and its significance for both casinos and their users. We’ll outline the typical and often cumbersome KYC processes, along with the potential drawbacks of divulging personal data.

Importantly, we’ll illustrate how Winning Casino streamlines the KYC procedures, simplifying the gaming experience for the players, and expound on the benefits of steering clear from unnecessary KYC checks.

Table Of Contents

What is KYC in Crypto Gaming

KYC, or Know Your Customer, involves actions casino operators take during transactions to verify the identities of their clients. This process is part of due diligence and compliance with regulations.

From a user’s perspective, KYC involves revealing and submitting personal information and official documents. This submission helps to establish trust with the casino operators, making deposits and withdrawals easier.

KYC measures are typically applied when players deposit or withdraw large sums of money. It is often in the tens of thousands of euros or equivalent in other currencies.

These checks identify clients before they can cash out, involving details like full name, residential address, and date of birth. This information is then compared with the client’s official documents, such as an ID card. Occasionally, the KYC process may delve deeper, identifying a player’s wealth, line of work, wallet addresses, and even transaction hashes.

Why Some Crypto KYC Procedures Are Important

The world of crypto is full of nuances, presenting numerous challenges, including potential financial crimes. Incidences of money laundering, identity theft, and other illicit activities connected to crypto transactions are rampant.

At Winning, we aim to prevent these crimes. It is the primary reason many casinos decide not to enter the crypto market. However, Winning has developed a robust formula to ensure seamless play while maintaining secure KYC compliance.

That said, it is important to acknowledge that the over-application of KYC crypto procedures can also have its downsides. To comply with KYC in the crypto realm, there has to be a balance between user convenience and security. In the next section, we explain how overzealous KYC crypto procedures are applied and their potential drawbacks.

Overzealous KYC Crypto Checks

It is important to note that the procedures listed below are frequently adopted by certain online casinos, crypto exchanges, and other financial institutions. However, Winning doesn’t require you to comply with these steps, thereby maintaining your ultimate anonymity.

Typical overzealous KYC checks may include:

  • Identification: The process of requesting clients to submit government-issued documents like a passport or driver’s license.
  • Liveness check: The step to confirm a client is a real person by comparing a real-time selfie with official documents.
  • Address verification: This step verifies the client’s location to identify high-risk countries.
  • Risk scoring: It involves determining the client’s risk category using databases of high-risk, sanctioned, and politically exposed individuals.

These steps represent some of the overzealous KYC-crypto checks that Winning aims to spare you from. Such processes can be lengthy and cumbersome, leading to the following drawbacks:

Drawbacks of KYC Crypto Gambling

When you provide personal data for verification, there is a risk of that information being misused or falling into the wrong hands. Additionally, the very act of revealing sensitive personal details can be discomforting for some users, especially when they seek financial services.

Furthermore, if you’ve ever been part of gambling forums on Reddit, you may have seen players lamenting about delayed withdrawals. This delay often results from the KYC regulations and procedures. Despite their necessity, these procedures can sometimes dampen the enjoyment and spontaneity of the gaming experience.

How can you circumvent these KYC procedures and enjoy fast withdrawal while ensuring security? Winning has the ultimate answer.

KYC Streamlined on Winning

It is streamlined in four areas, promising to save you time and maintain your anonymity throughout your gaming experiences.

No Customer Identification: We made the process remarkably simple for new players. No identification is required. To open an account, all we ask for is your email address. No additional information, no lengthy forms.

Depositing Funds: Through your crypto wallet scan the QR code provided by Winning. And within mere 15 seconds, your funds will be ready in your player account. No endless forms and no need to submit any documents. Your email address is all we require.

Customer Due Diligence: As long as you’re playing with reasonable amounts, you won’t receive any surveys or questionnaires. No requests will be sent to disclose further information about yourself from Winning.

Ongoing KYC Monitoring: We handle this part without intruding on your gaming experience. We regularly check transaction frequency and types, all in the background. As long as you’re playing safely, we’ll never bother you with our KYC monitoring.

Sign up on Winningand experience our simplified approach firsthand.

15 Sec Crypto Withdrawal on Winning

We cannot stress enough that crypto withdrawals are only 15 seconds. Consider this: you’re preparing a cup of coffee with a Nespresso machine. From the moment you press the button to the time you take your first sip, it takes approximately 40 seconds. Remarkably, Winning can complete at least two transactions in that span of time.

Our platform is designed to maximize convenience for our players. We can confidently assert that our swift transaction process is unlikely to be surpassed by other platforms. With such a seamless experience, we assure you that you won’t need to join an online gambling forum on Reddit to voice a complaint.

With Winning, we prioritize your gaming enjoyment and peace of mind.

The Allure of No KYC Crypto Gambling

Are you looking for an unhindered, anonymous gaming experience with minimal KYC interference? Winning’s streamlined KYC crypto procedures present the ideal solution.

Anonymity and Privacy

When we refer to “anonymity” at Winning, we mean that nothing more than an email address is required from you. It is a stark contrast to traditional gaming platforms where, regardless of your preferred payment method, you had to provide your name and place of residence upon sign-up.

With our innovative solution, however, all this has changed. When playing slot games with traditional fiat currency, players often need to provide their full address. They also have to submit a government-issued document and complete two-factor authentication.

However, with new slots on Winning, none of this is necessary. Simply select your game of choice, and it opens instantly for play, ensuring a seamless and anonymous gaming experience.

Speed and Efficiency

We understand the urgency players feel for a swift and efficient gaming experience. Traditional KYC crypto procedures can be time-consuming, often interrupting your gaming sessions.

However, we aim to revolutionize this process, enabling you to start playing within a matter of seconds. With our streamlined KYC, you can spend most of your time enjoying your fave slots or table games. This commitment to speed and efficiency underscores the value of no KYC on Winning.

Global Access and Inclusivity

Winning is designed to be accessible and efficient, regardless of your location in the world. Additionally, we’ve partnered with some of the most reputable crypto companies and cryptocurrency exchanges, such as CoinsPaid. This collaboration ensures that you get the best prices with minimal fees.

Given these advantages, we believe you’d be hard-pressed to find a more advantageous payment solution elsewhere. We’re confident that Winning provides an unparalleled blend of convenience and value.

Final Thoughts

We can all agree that KYC is a necessary evil in the crypto gambling world to prevent the bad apples from spoiling the fun. And who hasn’t cursed the day KYC was invented when withdrawals are delayed? If KYC were a party guest, it would be the one overstaying its welcome.

But, fear not, Winning Casino to the rescue! Picture this: KYC compliance that doesn’t turn your gaming joy into a trip to the DMV. We’ve streamlined the beast down to size. No more pointless hoops to jump through, no pesky data sharing, and rapid-fire withdrawals. With Winning, KYC becomes the perfect party guest – you hardly even know it’s there.


Is crypto gaming still uncharted territory?

There was indeed a time when crypto gaming was fraught with peculiar KYC checks. However, the landscape has transformed significantly. Today’s crypto gaming environment prioritizes safety, fairness, and security while embracing the decentralization and anonymity of players.

Are there any potential risks associated with no kyc crypto gambling?

When playing at a trusted and reputable casino like Winning, there is absolutely no cause for concern. Our platform ensures a secure and fair gaming experience for all users.

Can a no-kyc crypto casino be legally compliant?

Yes, of course. Winning operates under a respected Curacao license. We adhere to all Anti Money Laundering (AML) and Know Your Customer (KYC) procedures. Simultaneously, we spare you unnecessary processes when you’re playing with reasonable amounts of money.